AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.7168 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.71122 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.7168 |
| Current Price | 0.71815 |
| Next Low | 0.71122 |
| 2nd Low | 0.7053 |
| 3rd Low | 0.69813 |
0.7168 – 0.70817 – 0.70305 – 0.71122 – 0.7053 – 0.69813 —
0.71352 – 0.71745 —
58.40153982085 – 71.357802299653 —
– —
0.7168 – 1773172800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –